TIL Multi RSI

19 thg 8, 2021

Trading Indicator Lab’s Multi RSI for TradingView is a powerful indicator that extends your capability to monitor RSI signals up to 20 different symbols all at the same time in just a single chart.

Eagle Eyes

The Multi RSI indicator can calculate the RSI of close prices of multiple symbols at any timeframe. This allows you to scan for RSI signals that may escape your search for potential good trading opportunities. It lets you choose the symbols you want to monitor for up to 20 slots and it INSTANTLY tells you which ones are overbought, oversold and even those that are at the verge of the buying or selling extremes in real-time so you can always be there when that big trend reversal happens.

Auto Sort

The symbols you add to the Multi RSI indicator are automatically sorted by their RSI readings from the most oversold down to the most overbought, each with a color assigned to them. Symbols that have an RSI reading of 50 and above are displayed in red while those below 50 are displayed in green. Those that breach the oversold and overbought signals are displayed in a brighter shade of color of red and green respectively. These colors are fully customizable in the indicator’s inputs.

Adjustable Oversold and Overbought Levels

The Multi RSI indicator uses the default 70/30 oversold-overbought levels but this can be easily adjusted in the Inputs section to match your preferences. The indicator’s color and alert system adjusts automatically to these changes.

Arrows

Beside each RSI reading is an arrow which gives you information about its trajectory, whether it is going up, down, or sideways. This is based on the last bar’s RSI value.

Alerts

The indicator lets you know when one or more symbols in the table crosses the oversold or overbought levels. These are predefined alert conditions that can be chosen in TradingView’s alert creation tool.

Available Alert Conditions

- Oversold – triggers when one or more symbols in the table are oversold
- Overbought – triggers when one of more symbols in the table are overbought

Inputs

- Length – sets the period of the RSI function to be applied to all symbols
- Oversold – sets the reference level for oversold signals (default level at 70)
- Overbought – sets the reference level for overbought signals (default level at 30)
- Symbol 1 – Symbol 20 – slots for TradingView symbols (charts) that you want to monitor
- Top Half Color 1 – the color of rows that are in the oversold level
- Top Half Color 2 – the color of rows that are 50 or above but not beyond the oversold level
- Bottom Half Color 1 – the color of rows that are in the overbought level
- Bottom Half Color 2 – the color of rows that are below 50 but not beyond the overbought level
- Position – sets where the indicator is displayed in the chart
- Font Size – sets the text size of the indicator
- Height – sets the size of each cell in the table. Size 0 means the height automatically adjusts to the chart’s size.